Word: wages
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Dates: during 1970-1979
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Billing himself as "someone your children can look up to," Glenn from the start mined his reputation for honesty and integrity. Although he vowed to wage "the cleanest campaign I know how," Glenn all but ignored the issues to hit hard-and low-at Metzenbaum as a tax dodger after both candidates released details of their recent tax returns. The charge rested on the facts that Metzenbaum (whose net worth is $3.6 million) legitimately paid no federal taxes in 1969 because of high interest payments and losses in various investments and is involved in a tax-court dispute over...
...over the past year or two, real growth in the industrial nations has faded. It has been replaced by mere inflation-now vastly stimulated by the rising cost of oil and other natural resources. As growth disappears, social issues reemerge. Britain, where a coal miners' strike over government wage guidelines led to a bitter election last February, may have the dubious distinction of being the first to experience the kind of political showdown over economic policy that may well spread to other European countries...
...Young Socialist) wing of the S.P.D. Last winter's oil crisis and mounting inflation (current rate: 7.8%) compounded Brandt's problems, as did a series of strikes earlier this year by public service employees and the metalworkers. The strikes ended only after the government agreed to grant wage increases of up to 14%, thus violating its own 10% pay-hike guidelines. Socialist Brandt, who considers himself a friend of the working man, felt personally betrayed when the unions did not moderate their demands as he had asked...
...Schmidt succeeded his former mentor Schiller as Finance Minister and tackled Germany's major economic problem: inflation, now running at 7.8% a year. A staunch proponent of a free market, Schmidt relied on tight-money policies rather than wage and price controls, an approach that has helped earn him the enmity of the Jusos, who make up about 25% of his own party. Last week Juso Chairman Heidi Wieczorek-Zeul called Schmidt "the worst possible choice" as Brandt's successor. Schmidt has also recently been at odds with the S.P.D.'s coalition partners, the Free Democrats...
...support for his party. Stanfield has forcefully exploited Canadians' mounting impatience over the government's lackluster handling of inflation, which is currently running at about 10%. While Trudeau sought to blame external factors for Canada's mushrooming cost of living, Stanfield called for firm and prompt wage-price controls. The government's stand on inflation, he argued, was "cynical and incredible . . . a message of despair." A government report last month disclosed that prices in Canada rose more rapidly in 1973 than in the U.S., Britain, West Germany and France...